Myanmar: Market for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning 2025

Market Size for Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Myanmar

In 2021, after two years of decline, there was significant growth in the Myanmar's market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning, when its value increased by 16% to $X. In general, consumption, however, saw a deep slump. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning in Myanmar

In value terms, production of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a deep slump. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Exports from Myanmar

In 2020, the amount of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning exported from Myanmar was estimated at X tons, therefore, remained relatively stable against the previous year's figure. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports of hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning amounted to $X in 2020. In general, exports recorded a relatively flat trend pattern. Over the period under review, the exports of reached the peak figure in 2020 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for exports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from Myanmar, accounting for a approx. 100% share of total exports.

From 2020 to 2020, the average annual growth rate of volume to India was relatively modest.

From 2020 to 2020, the average annual rate of growth in terms of value to India was relatively modest.

Imports of Polypropylene Synthetic Tow And Staple Not Carded, Combed Or Otherwise Processed for spinning

Imports into Myanmar

Imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning into Myanmar skyrocketed to X tons in 2019, jumping by 30% compared with 2018 figures. In general, imports showed a significant expansion. The growth pace was the most rapid in 2018 when imports increased by 118%. Over the period under review, imports of attained the maximum in 2019 and are expected to retain growth in the immediate term.

In value terms, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning surged to $X in 2019. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Myanmar, accounting for a 87% share of total imports. Moreover, imports of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Malaysia (X kg), eightfold.

From 2012 to 2019, the average annual growth rate of volume from China stood at +38.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and Thailand (+98.9% per year).

In value terms, China ($X) constituted the largest supplier of polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning to Myanmar, comprising 82% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 16% share of total imports.

From 2012 to 2019, the average annual growth rate of value from China amounted to +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (0.0% per year) and Thailand (+119.9% per year).

Import Prices by Country

The average import price for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by Thailand (+8.5%).

Source: IndexBox Platform

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